Powerup Statistics #24 - Oct 24th - Nov 6th

Every two weeks or so I like to compare the current power-up statistics and see how we stand.

Here they are:

24 Oktober 2019

STEEM

Amount

STEEMPOWER

207,0 million

LIQUID STEEM

122,2 million

SBD

7,4 million

Virtual Supply ≈ 365,858,696 STEEM

6 November 2019

STEEM

Amount

STEEMPOWER

208,0 million (+1,0 million)

LIQUID STEEM

122,4 million (+0,2 million)

SBD

7,4 million (0 million)

Virtual Supply ≈ 367,157,866 STEEM

Good numbers this rapport again.

Besides a small increase in the liquid supply of 200k STEEM the amount of powered up STEEM keeps going up every two weeks.

This week it increased with another million.

Whatever you might think or feel about #newsteem, it's hard to deny that since #newsteem the amount of powered up STEEM has been going up compared to before where it went down almost every rapport.

There is willingness from users to power up their STEEM.

From a little longer timeframe it's even more impressive.

This is the last rapport I made before #newsteem. That's now 81 days ago.

17 August 2019

STEEM

Amount

STEEMPOWER

199,5 million

LIQUID STEEM

122,6 million

SBD

7,7 million

Virtual Supply ≈ 357,992,426 STEEM

That's 8,5 million STEEM vested since then and a liquid supply that is almost the same.

But I know what you are thinking? If these numbers are so great why is the price so bad.

It's a fair assessment.

Right now we are only 14 places away from falling out of the top 100 on CMC.

What STEEM needs is a little more buyers. That's it. Plain and simple.

From the latest numbers, you can sort of say that the amount of liquid STEEM is stable at 122,5 million over the last 3 months.

There are buyers. Just enough to offset inflation. But there is still a lot of liquid STEEM out there and the volumes are low, it's not a great combination for dollar value.

But STEEM does have a future plan though to attract more buyers, besides speculation, It's RC's (pools).

RC's are one of the main reasons I'm keeping my STEEMPOWER. It's the ultimate powerhouse of the Steem blockchain.

If you believe Steem (the blockchain) will be a success and used by communities and company's around the world (SMT's, Steem-Engine tokens), you know you are sitting on a goldmine.

All of those parties will need RC's (Steempower) and the only way to get those is to lease or buy RC's.

When that happens, the liquid supply of STEEM is meaningless. It will be scooped up so fast like it doesn't exist and it can go fast. I have seen this before.

(I would always recommend having at least an amount of STEEM in your wallet now you are happy for when the price reverses. My target was 200k SP. I have overshot it a little bit since then. )

And none of those companies or communities or investors will care where that STEEM originally came from. Whether It's from a pre-mine, upvoting yourself 10 times a day, circle-jerks, the good old market, blogposts, steemmonster tournaments payouts, good content, bad content ....you name it.

If they need it they will just get it from a market like Dlease.io or buy it off someone that has it.

And I suspect those parties won't use STEEM as a rewarding mechanism, they will just use STEEM for the RC's it provides and use their own token for rewards.

Plain and simple. For me at least.

And of course, if you don't believe this then I would recommend getting rid of it because the future will look a little less bright. Steem ultimately needs bigger players to succeed.

Anyway.

I just read an extremely bullish post by @aggroed about Splinterlands, APPICS just released their own token, Steemfest 4 is around the corner.

Comments

You are giving us a hopeful outlook. We have still to be patient until SMTs are used in real. Regarding the games: I think these are requiring some amount of liquid steem, e.g. for trading with monster cards etc.

I hate to be a bit of a grammar nazi, but the word you are looking for is report, not rapport. 😬😬😬😅.

Anyways, love this presentation and it's got me rethinking possibly buying more steem as I've held off for a while now. I'm at a level that is a bit of a goal for me, but there's always room to grow my stake, right? I'm just feeling mostly nervous about SMTs finally coming out and how things will play out afterwards...

Hey @exyle
its only natural that they are pumping the price up.
Now that more people are recognizing the Chain of Command structure for what it is they are pumping the price. They will not be doing it forever so now would be good time to cut losses.

Just take a look at the @berniesanders right hand man who will flag this comment!
New Steem would be a good idea but we need to get rid of the old Steem people like @themarkymark, while these guys hold the controlling stake this place is fucked.
We need to get away from stake based voting for witnesses. When it is one person one vote we have a shot of winning this battle